{"id":55943,"date":"2024-01-31T23:44:29","date_gmt":"2024-01-31T18:14:29","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=55943"},"modified":"2024-01-31T23:44:33","modified_gmt":"2024-01-31T18:14:33","slug":"boeing-delivered-528-planes-and-received-1576-orders-in-2023","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2024\/01\/31\/boeing-delivered-528-planes-and-received-1576-orders-in-2023\/","title":{"rendered":"Boeing Delivered 528 New Planes and Received 1576 Orders in 2023"},"content":{"rendered":"\n

ARLINGTON-<\/strong> The Boeing Company [NYSE: BA]<\/a> posted fourth-quarter revenue of $22.0 billion, a GAAP loss per share of ($0.04), and a core loss per share (non-GAAP)* of ($0.47). <\/p>\n\n\n\n

The American aerospace giant reported an operating cash flow of $3.4 billion and a free cash flow of $3.0 billion (non-GAAP). These results showed improvement driven by increased commercial volume and enhanced performance.<\/p>\n\n\n\n

\"Boeing
Photo: Boeing 777X Production Twitter\n<\/figcaption><\/figure>\n\n\n\n

Boeing 2023 Financial Results<\/h2>\n\n\n\n

Dave Calhoun, Boeing’s President and Chief Executive Officer, commented, <\/p>\n\n\n\n

\n

“While we present our financial results today, our primary focus is on implementing comprehensive measures to enhance quality at Boeing, which includes actively seeking input from our 737 employees engaged in this work daily. Moving forward, we are committed to supporting our customers, maintaining transparent communication with regulators, and ensuring the completion of all necessary actions to regain the confidence of our stakeholders.”<\/p>\n<\/blockquote>\n\n\n\n

The operating cash flow for the quarter stood at $3.4 billion, demonstrating an increase in volume and favorable timing of receipts.<\/p>\n\n\n\n

The total amount of cash and investments in marketable securities reached $16.0 billion, as opposed to $13.4 billion at the commencement of the quarter. Additionally, Boeing has access to credit facilities amounting to $10.0 billion, which have not been utilized.<\/p>\n\n\n\n

As of the end of the quarter, the overall backlog for the company was recorded at $520 billion<\/strong>.<\/p>\n\n\n\n

\"For
Photo: Boeing Airplanes<\/figcaption><\/figure>\n\n\n\n

Fourth Quarter 2023<\/h3>\n\n\n\n

Commercial Aircraft<\/strong><\/h4>\n\n\n\n

In the fourth quarter, Commercial Airplanes witnessed an upturn in revenue, reaching $10.5 billion, attributed to increased deliveries and a favorable mix. The operating margin of 0.4 per cent indicates improved performance and reduced abnormal costs.<\/p>\n\n\n\n

In response to the Alaska Airlines (AS)<\/a> Flight 1282 accident involving a 737-9, the company is maintaining transparent collaboration with the FAA. Immediate measures are being implemented within the Commercial Airplanes division to enhance the quality of the 737 programs. <\/p>\n\n\n\n

This includes additional inspections at the factory and key suppliers, augmented oversight from airline customers, and a one-day pause in 737 production to realign employee focus on quality.<\/p>\n\n\n\n

An external expert has been appointed to conduct a thorough independent assessment of Commercial Airplanes’ quality management system, with recommendations to be presented directly to Calhoun and the Aerospace Safety Committee of Boeing’s Board of Directors.<\/p>\n\n\n\n

The 737 program continues to fulfil orders, and its production rate has reached 38 aircraft per month. The production rate for the 787 program is now at five aircraft per month.<\/p>\n\n\n\n

During the quarter, Commercial Airplanes secured 611 net orders, encompassing 411 737s, 98 777Xs, and 83 787s. The 737-10 commenced certification flight testing, and production resumed on the 777X<\/a> program. The quarter saw the delivery of 157 airplanes, with a backlog exceeding 5,600 airplanes valued at $441 billion.<\/p>\n\n\n\n

\"Boeing
Photo: By Nicky Boogaard from Hardinxveld-Giessendam, Netherlands – RNLAF AH-64 Apache at the Oirschotse Heide Low Flying Area, CC BY 2.0, https:\/\/commons.wikimedia.org\/w\/index.php?curid=69915015<\/figcaption><\/figure>\n\n\n\n

Defense, Space\u00a0& Security<\/strong><\/h4>\n\n\n\n

In the fourth quarter, Defense, Space & Security reported revenue of $6.7 billion. The operating margin for the quarter was (1.5) percent, primarily influenced by losses of $139 million on specific fixed-price development programs. Additionally, the results were impacted by unfavorable performance and mix on other programs.<\/p>\n\n\n\n

During the same period, Defense, Space & Security achieved notable milestones, including securing an award from the U.S. Air Force for 15 KC-46A Tankers. <\/p>\n\n\n\n

The U.S. Air Force initiated the developmental flight test program for the T-7A Red Hawk, and Canada selected the P-8A Poseidon as its multi-mission aircraft. <\/p>\n\n\n\n

The backlog for Defense, Space & Security stood at $59 billion, with 29 percent representing orders from customers outside the U.S.<\/p>\n\n\n\n

\"\"
Photo: Boeing\/Paul Weatherman<\/figcaption><\/figure>\n\n\n\n

Global Services<\/strong><\/h4>\n\n\n\n


In the fourth quarter, Global Services reported revenue of $4.8 billion and an operating margin of 17.4 percent, reflecting increased commercial volume and mix.<\/p>\n\n\n\n

During this period, Global Services achieved significant milestones, including the opening of its inaugural parts distribution center in India. Additionally, the division received a follow-on contract option to deliver sustainment services for the C-17 Globemaster III.<\/p>\n\n\n\n

Stay tuned with us. Further, follow us on social media for the latest updates.<\/p>\n\n\n\n

Join us on Telegram Group <\/a>for the Latest Aviation Updates. Subsequently, follow us on Google News<\/a>.<\/p>\n\n\n\n

\n
Boeing Mechanics Removed Some 737 MAX 9 Fuselage Bolts in Renton: Whistleblower<\/a><\/blockquote>